Numeric Investors, as expected, launched its own no-load fund family. The ni family of funds consists of a microcap fund, a growth fund and a growth and value fund. Expenses are capped at 1%; the minimum initial investment is $3,000. Numeric will resign its subadvisory contract with the Quantitative Group of Funds at the end of June. It subadvises two $120 million load funds using similar strategies.